Quote:
Originally Posted by suzuka84
If you have 16k in BCG, you're probably one of the largest shareholders as the management team would most likely only hold options that aren't even in the money yet.
If I was in your position, I would cut my loses and deploy the money in better companies. You're going to miss out on opportunities that arise as you're waiting for BCG to regain. I do hope I'm wrong.
Example - your avg price for BCG is 16cents, you're waiting for it to go to 20 cents but it'll get there after 2 years. You can get out of BCG now at 16 cents and redeploy funds to another company (say AVR) and watch it regain all your BCG losses in a matter of days/weeks.
FYI - I cashed out close to 20k worth (tax loss) of stocks for the month of december now worth about $2k to redeploy in one company. It's something I just picked up in 6 years of doing this. You can hope and pray that your losers will rebound but a more logical view would be to sell and buy winners.
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I agree. When I first started out about 5 years ago, I was terribly reluctant to sell losers. For about 2 years I had about 10K tied up in MUN (Mundoro Capital), hoping that their license in China would materialise. But it's now 2011 and they still do not have their license! I hate that stock so much, but will probably hate it more if they do eventually get their license, because I sold out and took a 4K hit.